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AJ's Journal
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AJ's Journal

  #221 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

3-28-11

Monday TF 825 / 3987 volume.

There was a large bull run on Friday that was over by 11am. Steady selling filled the rest of the day.
Globex found consolidation then a big buying run at the London open, concluding by 330am and lead
to additional consolidation.

Trade 1

Selling pressure was good, but I couldn't find a good SR area to place a buy/sell stop. I had to wait
a bit longer than I like at the open and entered in a chasing type of fashion. Not good. I should have just
faced the fact that I missed one.

Sell stop was filled and instantly pulled back to the top of the mini range. My stop was just above this.
This is why stops MUST be PA based and not just a set amount.

I felt lucky when it broke free a bit and quickly took any profits it was giving.


+5 lucky


Trade 2

The classic Winfrey going long

+14 / exit at stall near Resistance.


Trade 3

Another Winfrey trade. Although I'm not sure if this entry strictly met his criteria, I was feeling
at least a push up to test the channel high again.

I bailed at the stall.

+4 ticks.


Up $202 for the day... Half my profit target but I'm OK.


I am gearing my mind for Going back to live trading. Initially I just want to build the account up slowly
and avoid any extended draw downs. Getting in and out quickly, but with solid entrys will help
steady the nerves and build confidence. Let's just practice winning first, then we'll work on battling
a bit more as we go.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-3-28-11.png  

Last edited by tderrick; April 8th, 2011 at 02:28 AM. Reason: content
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  #222 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

CL

This is the first day I took trading the CL seriously, albeit in SIM. I channeled all the old live trading
emotions I could muster.

Price was up from the Japan news, I suppose, so a PB or consolidation morning was to be expected.


Trade 1

I didn't like the entry of the Winfrey set up as it was directly into some SR levels so I moved the Sell stop a
bit lower. It turned out to be the wrong decision, but a safe one probably.

+5 ticks at stall of break. The correct entry would have paid the profit target.


Trade 2

These don't seem to work as well in CL as they do in TF.

I missed the earlier BO of the smaller range and chased a bit. Exit at stall.

-2


Trade 3

Kudos to Mr Winfrey.

+15



I will be keeping the 3 trade rule in effect for a bit longer. I like it. As I am out of trading
while still sharp of mind. When I get a bit more conditioned, I will trade longer, but not now.

Up $162

I was very patient and cautious. Just as I will be when Live again


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-cl_friday.png  

Last edited by tderrick; April 8th, 2011 at 01:30 PM. Reason: content
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  #223 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

3-29-11


TF, Tuesday. Volume at 3402 , Price 820

Prior day was rangy with a big sell off just before the close at 2pm cdt.
Globex saw steady buying after that with consolidation forming at 430am
making an opening market BO trade unlikely.

Price really started moving just before the open however with a failed move to the upside
before the bell. PA was still saying sell. A Winfrey setup occurred perfectly once again just
at the point I would take my normal BO entry.

Trade 1

I was filled after a bit of waiting but, as usual, once these levels are broken we're
off to the races. I quickly moved to the target I had set. The closest area of SR.

+12

I left a lot of money on the table but that's OK. I got my little piece of the pie the
quick ,safe way.


Trade 2

Price started turning around and I was patient while waiting for PA to slowly move across
all the MA's on all charts. I placed a buy stop just above the last MA on my 5min. This was also
an area of a couple of SR lines, so as soon as it broke these, price exploded upward and filled
my usual SR based target, plus 6 ticks of slippage!!

This is what I love about the TF. When SR is broken with the correct PA, it is going to move and
keep moving for a while. CL is a bit more tricky with this.

+23 ticks

Once again, I left gobs of money on the table. But, I feel I must be both safe, cautious and not greedy.

Getting more of the moves must be left to a multi car approach when I am able.
For now, the plan is building up the account slowly and steadily. This means getting the safe, fast money
and getting out before a PB is even possible.

up $338 with one trade remaining and 7 more ticks to gather.
its pretty late and I'm tired. I will resume the replay during the Masters tomorrow
and see if I can get that new daily target.

I feel much more at home on the TF than CL at this point.
The screen time I am getting during these tests is absolutely killer.
I so wish I would have done this before my first trading account

tomorrow then...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-tf_3-29_trades_1_and_2.png  

Last edited by tderrick; April 9th, 2011 at 03:03 AM. Reason: content
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  #224 (permalink)
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Futures Experience: Intermediate
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Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

3-29-11 Cont.

I was only looking for 7 ticks this morning to meet my daily profit goal for 3-29

I had a Winfrey setup short that failed to fill. Price then turned long and I was
waiting with a buy stop at the break of the consolidation channel top.

+7 ticks.

I closed the position as soon as I hit my profit target.

Profit target met $402

This system works great for the TF

I would like to have some more losing days before I go live, however. This winning streak is making
me uncomfortable. It's the losing I need to practice. (emotionally)


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-tf_3-29_trade_3.png  
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  #225 (permalink)
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Good Learning

3-30-11, TF, Wednesday Price at 831 Volume 3167

A big run early in the prior day led to steady buying throughout the RTH session and into the
overnight.

Price was a bit choppy but compressing down.



Trade 1


I took a Winfrey setup short in the pre-market , but ran out of time. I bailed just before the
opening bell for equities.

+3


Trade 2

I felt that PA was a bit wishy washy and I didn't feel good about the
normal morning BO trade. Sure enough, I was filled and price turned
right around and stopped me out.

-18


Trade 3

Same thing on the top of the channel.

-17



My gut told me Trades 2 and 3 were wrong for the PA. It was a PB entry day.

I never would have taken these with cash money. I have been in a winning streak so I wanted
to see how far I could push it. I'm a little tired and for the first time in a while I felt a little SIM bored.

I'm going to run the rest of this Replay and practice PB entries



Down $308

Good PA lessons.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #226 (permalink)
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3-30-11 chart

oops...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-3-3-11_tf.png  
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  #227 (permalink)
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3-31-11

TF, Thursday 838 at 3215 Volume

Prior day saw lots of buying. The overnight was choppy.

This was a tough day to trade.



Trade 1

Tried a Winfrey entry long. Stop placed below PA

-10


Trade 2


Winfrey entry short - Exit at channel bottom

+15




Trade 3


Another try short - Winfrey entry with a tighter stop based on PA
-11


This was a tough day to trade with the tools I have at this point.

down $58


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-3-31-11_tf.png  

Last edited by tderrick; April 10th, 2011 at 08:41 PM. Reason: typo
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  #228 (permalink)
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So AJ, what is the major difference between your strategy and mine? I traded the same day as you (recorded in my journal on 4/1) and walked away with 29 ticks. How are you trading and what signals your entry/exit?

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  #229 (permalink)
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Posts: 1,589 since Sep 2010
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johnnycakes78704 View Post
So AJ, what is the major difference between your strategy and mine? I traded the same day as you (recorded in my journal on 4/1) and walked away with 29 ticks. How are you trading and what signals your entry/exit?


I think I've slipped into a bit of a testing time. Trying different things, etc.... pushing the envelope.
I'll check in with you when we are both free and compare our entry signals...

I need to get all of this out of my system before I flip the live switch again....

thanks for checking in


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #230 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

4-1-11


TF price at 846, Volume at 3638

Prior day saw steady buying that lasted though the overnight.


I hit the wall a bit last week, running replays everyday. I learned a valuable lesson.
You MUST take time off away from the charts. In live trading you would have the weekends.

Trade 1

caught a nice short as it moved through the MA's and gave me a signal.

+13

I missed a good bounce coming back as I thought it was just a retrace but it just
kept coming.


I woke up at 3am with a terrible headache. So I thought I would get some screen time in while
the pills kicked in. Now I'm snoozy again, so I'll pick this up a bit later.


Feeling back in the groove and ready to continue banging out the plan.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-4-1_trade_1_tf.png  

Last edited by tderrick; April 12th, 2011 at 06:58 AM. Reason: content
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